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Property Lines - Scott Olson

Welcome to Property Lines, Indy's favorite source for neighborhood real estate news. Your host, IBJ real estate beat reporter Scott Olson, can be reached at solson@ibj.com.
Real Estate & Retail

$27M mixed-use project planned for Lockerbie

August 15, 2011

Lockerbie projectA local developer has a new plan for a prime Lockerbie parcel where ambitious development proposals have fizzled in the past, IBJ reported in print and at IBJ.com. The WhitsetLockerbie projectt Group wants to build a mix of 190 affordable and market-rate apartments, 44,000 square feet of retail and office space, and more than 300 mostly underground parking spaces at the northwest corner of College Avenue and Michigan Street. The $27 million project calls for three buildings, ranging from three to five stories, on three-quarters of a city block. The project, which would take at least two years to build, would require approval from the Indianapolis Historic Preservation Commission. Each of the buildings would have apartments and retail space and would be oriented toward a newly reopened, tree-lined and pedestrian-focused Cincinnati Street. The architect is locally based A3 Design. Click on the renderings for a larger version. Read the full story here. (IBJ.com subscription required.)

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